FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The marginal social benefit of an additional unit of national defense is the sum of the individual marginal benefits of all who enjoy national defense

The marginal social benefit of an additional unit of national defense is the sum of the individual marginal benefits of all who enjoy national defense because _____. national defense is excludable national defense is rival in consumption national defense is nonexcludable national defense is nonrival in consumption

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Economics

Managerial Economics

Authors: Mark Hirschey

12th edition

9780324584844, 324588860, 324584849, 978-0324588866

More Books

Students also viewed these Economics questions

Question

★★★★★
A strip of metal is originally 1.5 m long. It is stretched in three steps: first to a length of 1.75 m, then to 2.0 m, and finally to 3.0 m. Show that the total true strain is the sum of the true...

Answered: 1 week ago

Question

★★★★★
Discuss the different organizational approaches for retailers and provide an example of each. (AACSB: Communication; Reflective Thinking)

Answered: 1 week ago

Question

★★★★★
Optimism and Academic Success A study was conducted on a large group of college freshmen in Pennsylvania to investigate the relationship between optimism and academic performance. The results? The...

Answered: 1 week ago

Question

★★★★★
Garrison Oil Company has an account titled Oil and gas properties. Garrison paid $6,400,000 for oil reserves holding an estimated 500,000 barrels of oil. Assume the company paid $530,000 for...

Answered: 1 week ago

Question

★★★★★
Write a python program that draws graphing paper as in the example shown. Graphing paper must have 50 pixels margin around. Squares dimension is 20 pixels by 20 pixels. Use at least 3 functions. Do...

Answered: 1 week ago

Question

★★★★★
Provide a brief evaluation of the different types of machine learning methods that can be used to improve the recommendation system, and ultimately, the output generated by the algorithm. In your...

Answered: 1 week ago

Question

★★★★★
Condensed financial data of Indigo Company for 2020 and 2019 are presented below. INDIGO COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2020 AND 2019 2020 2019 Cash $1,820 $1,140 Receivables...

Answered: 1 week ago

Question

★★★★★
Ralph Young was a commercial tour boat operator on the northern coast of Kauai, Hawaii. He was licensed by the state of Hawaii to operate his boat in Hanalei Bay. The U . S . Department of...

Answered: 1 week ago

Question

★★★★★
A stainless-steel bar is heat up to 1400K and cooldown to improve the hardness of the metal is removed from an furnace and cool down by immersing it in 15 kg of water at 27C. appropriate constant...

Answered: 1 week ago

Question

★★★★★
In the field of computer networking there is an imprecise relationship between the level of use of a network communication bandwidth and the latency experienced in peer-to-peer communication. Let X~...

Answered: 1 week ago

Question

★★★★★
Time Left: 09:2 Uncategorized i Question Type: MCQ Question No. 14. Mark/s: 4.00 | Negative Mark/s: 0.00 A manufacturing firm would like to develop an aggregate plan for the next quarter. Data...

Answered: 1 week ago

Question

★★★★★
What is the correct way to pass a vector through this method declaration in C++? Where would it go exactly and what is the syntax for it? Thank you! void MergeSort (SortBy sortBy);

Answered: 1 week ago

Question

★★★★★
Hello, I need help please. Consider a single-factor ANOVA with n = 21 and F test statistic = 4.72. Determine the critical value, then state the corresponding decision with significance level a =...

Answered: 1 week ago

Question

★★★★★
Give examples of environmental forces for change that are likely to affect, significantly, the way organizations operate in ten years time. Justify your choices.LO4

Answered: 1 week ago

Question

★★★★★
Describe and discuss the multi-dimensional nature of organizational change. LO2

Answered: 1 week ago

Question

★★★★★
Critically evaluate the theoretical perspectives relating to the types of change that organizations may experience. LO5

Answered: 1 week ago

Previous Question Next Question